Camtek (NASDAQ:CAMT) Stock Gets Price Target Reduction from B. Riley Financial

Camtek (NASDAQ:CAMT) had its price objective trimmed by B. Riley Financial from $166.00 to $138.00 in a research report released on Monday morning,Benzinga reports. The firm currently has a buy rating on the semiconductor company’s stock.

Several other equities analysts also recently issued reports on CAMT. Stifel Nicolaus set a $140.00 price objective on shares of Camtek in a research note on Wednesday, November 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Camtek in a research note on Tuesday, August 11th. Needham & Company LLC decreased their price objective on shares of Camtek from $170.00 to $130.00 and set a “buy” rating for the company in a research note on Wednesday, November 4th. Cantor Fitzgerald reissued a “neutral” rating and issued a $175.00 price objective on shares of Camtek in a research report on Tuesday, September 22nd. Finally, Morgan Stanley downgraded shares of Camtek from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $152.00 to $126.00 in a research note on Monday, November 2nd. Seven investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Camtek presently has a consensus rating of “Hold” and an average price target of $164.00.

Camtek Stock Up 4.8%

CAMT opened at $107.05 on Monday. The firm has a market cap of $4.99 billion, a P/E ratio of 34.88, a PEG ratio of 1.50 and a beta of 1.69. The business’s fifty day simple moving average is $135.08 and its 200 day simple moving average is $155.46. Camtek has a 52 week low of $89.13 and a 52 week high of $215.99. The company has a quick ratio of 5.18, a current ratio of 5.85 and a debt-to-equity ratio of 0.65.

Camtek (NASDAQ:CAMT) last announced its earnings results on Wednesday, November 4th. The semiconductor company reported $0.99 earnings per share for the quarter, meeting the consensus estimate of $0.99. The firm had revenue of $161.29 million during the quarter, compared to the consensus estimate of $160.36 million. Camtek had a net margin of 24.56% and a return on equity of 21.38%. The firm’s revenue for the quarter was up 28.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.82 EPS. As a group, equities research analysts anticipate that Camtek will post 3.27 EPS for the current fiscal year.

Insider Transactions at Camtek

In related news, Director Karni Yarl Andorn sold 3,176 shares of the firm’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $164.40, for a total transaction of $522,134.40. Following the sale, the director directly owned 1,343 shares in the company, valued at approximately $220,789.20. This trade represents a 70.28% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Orit Geva-Dvash sold 508 shares of the firm’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $175.00, for a total value of $88,900.00. Following the sale, the vice president owned 5,205 shares in the company, valued at approximately $910,875. The trade was a 8.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 79.40% of the stock is currently owned by company insiders.

Institutional Trading of Camtek

Several large investors have recently bought and sold shares of the company. IFP Advisors Inc raised its stake in shares of Camtek by 576.7% during the second quarter. IFP Advisors Inc now owns 203 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 173 shares during the period. Fifth Third Bancorp purchased a new position in shares of Camtek in the first quarter valued at $42,000. EverSource Wealth Advisors LLC grew its holdings in Camtek by 46.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 298 shares of the semiconductor company’s stock valued at $45,000 after purchasing an additional 95 shares in the last quarter. Compass Financial Management LLC acquired a new stake in Camtek during the 2nd quarter valued at $57,000. Finally, QRG Capital Management Inc. acquired a new stake in Camtek during the 2nd quarter valued at $206,000. Institutional investors and hedge funds own 41.93% of the company’s stock.

Camtek Company Profile

Camtek Ltd. develops, manufactures and sells inspection and metrology equipment used in semiconductor manufacturing. Its systems help manufacturers detect defects and measure features on wafers and other components, supporting quality control as semiconductor devices become smaller and more complex. The company’s products serve applications including advanced packaging, memory, image sensors and other semiconductor processes. Camtek combines optical inspection hardware with software to analyze production data and identify issues during manufacturing.